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Collector inspects JNNURM works

Friday, 17 July 2009 05:36 administrator
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The Hindu 17.07.2009

Collector inspects JNNURM works

Staff Reporter

VIJAYAWADA: District collector Peeyush Kumar inspected the ongoing Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Indiramma urban housing works in the city on Thursday.

Stating that the bridges across Eluru canal near Sitannapeta, bridge across Ryves canal near Macahvaram and a bridge on Eluru connecting Devi Nagar and Madhura Nagar, and bridge across Budameru drain, were aimed at easing traffic congestion and problems in the city, he asked the officials to speed up works. He also inspected works at Gunadala near Foot Bridge across Budameru, and asked the officials to prepare estimates for constructing a new foot bridge as the existing one was very old.

Later, he inspected the housing works taken up under Basic Services for Urban Poor (BSUP) of JNNURM programme at Vambay Colony and Jakkampudi and directed the officials to speed up construction as the people evicted from Budameru drain would have to be rehabilitated.

Mr. Peeyush Kumar wanted the VGTMUDA to complete the inner ring road, which is being constructed from Y.V. Rao estates to Pipula Road centre, works at the earliest to solve the traffic problems in the city.

Municipal Commissioner P. S. Pradyumna, VGTMUDA Vice Chairman Y.S.B.S. Vittal and others were present.

Last Updated on Friday, 17 July 2009 05:39
 

City hopes for a big slice of JNNURM fund pie

Thursday, 16 July 2009 07:37 administrator
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The Times of India 16.07.2009

City hopes for a big slice of JNNURM fund pie
The current union budget may not have satisfied all quarters but it has brought cheers to the Thane Municipal Corporation (TMC). The civic administration is hoping to get funds to the tune of hundreds of crores of rupees from the central government this year to carry out some of the major infrastructure development works in the city.

The union finance ministry announced allocation of Rs one lakh crore in the financial account this year for the development of all forms of infrastructure all over the country. The funds would be made available to the central, state and local self organisations under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) of the central government.

The centre has not yet declared the share of the states in the allocation. It is however believed that the state of Maharashtra will get around Rs 12,500 crore out of the allocation for carrying out development of infrastructure in the state. Most part of the fund would be utilised for the purpose under the Mumbai Metropolitan Region (MMR) areas and Thane is a premier city in the MMR.

According to civic sources the TMC is carrying out five major works with the aid from the JNNURM. These projects are the Underground Sewerage Project (USP), the Integrated Nallah Development Project (INDP), the 110 Million Litres per Day (MLD) water supply project, the Station Area Improvement Scheme (SATIS) and the Basic Services for Urban Poor (BSUP) project.

The total cost of the projects is more than Rs 672 crore. Out of this the corporation is getting around Rs 350 crore by way of 35 percent grant from the JNNURM and 15 percent from the state government on infrastructure projects. The grant on BSUP is 50 percent from the central and 30 percent form the state government.

The corporation is arranging the balance of the amount from its own coffers or soft loans from the money market. In addition to this several other civic projects worth more than Rs 200 crore are in the pipeline. These proposals have also been sent to the JNNURM and the approval of the central body is expected.

The corporation has drawn up some ambitious plans to invest another Rs 1000 crore in public developmental projects in the coming months once it is assured of aid from the JNNURM. The projects will involve development of city roads, improvement in solid waste mechanism, erection of holding ponds, 24 X 7 water supply project as well as expansion of BSUP schemes.
Last Updated on Thursday, 16 July 2009 07:46
 

HUDCO to the rescue of municipal corporation

Thursday, 16 July 2009 06:46 administrator
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The Hindu 16.07.2009

HUDCO to the rescue of municipal corporation

Staff Reporter

Without housing, requirement pegged at

Rs. 150 cr.

Rate of interest varies depending upon loan availed

VIJAYAWADA: The Vijayawada Municipal Corporation (VMC) officials seem to have succeeded in convincing the Housing and Urban Development Corporation (HUDCO) for sanctioning a loan to continue the ongoing developmental works.

The Corporation asked the HUDCO to provide a loan of Rs. 225 crores for continuing the projects taken up under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) programme. However, the HUDCO, after holding detailed deliberations with the VMC officials, asked the latter to revise the loan requirements. As a result, the Corporation officials are working out “how much of a loan is exactly required” if the housing projects are not included.

The figure has been pegged at around Rs. 150 crores, and the entire process of obtaining the loan is likely to be completed in a week, officials say.

The rate of interest varies depending upon the loan availed, officials explain, and it could be around 10 per cent if the loan is Rs. 150 crores.

The HUDCO, like the consortium of bankers with which the VMC some time ago held parleys, has asked for a collateral security.

Counter guarantee

To meet this requirement, the Corporation could pledge some of its properties to the HUDCO, as the counter guarantee by the State government is “a ruled out proposition”.

A consortium of bankers led by the State Bank of India (SBI) had earlier agreed to sanction a loan of Rs. 50 crores, but it insisted on collateral security.

Last Updated on Thursday, 16 July 2009 07:04
 
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